Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11031-11061 Santa Monica Blvd Los Angeles, CA 90025

    • Retail properties
    • 7,899 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 11031-11061 Santa Monica Blvd

    Property size
    7,899 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional Los Angeles County property, located at 11031-11061 Santa Monica Boulevard, zip code 90025, offers 7,899 square feet of versatile commercial space currently available for lease. The building is ideally suited for a variety of uses, including retail, office, and restaurant establishments. Currently, the entire 7,899 square feet is vacant, presenting a unique opportunity for a single tenant or multiple tenants. The space is divisible, with a minimum leasable area of 950 square feet and a maximum contiguous space of 2,206 square feet. This allows for flexibility in accommodating businesses of various sizes and needs. The property's prime location on Santa Monica Boulevard in Los Angeles, California provides excellent visibility and accessibility, making it an attractive option for businesses seeking a high-traffic area. The property is classified as Executive Office space, suggesting a sophisticated and professional environment. This is a multi-tenant building, offering potential for a vibrant and collaborative atmosphere. Interested parties should inquire about lease terms and conditions. The property is situated in Los Angeles County and offers a unique opportunity for businesses seeking a prominent location in a bustling area of Los Angeles.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.448
    Latitude
    34.0449

    Comparable in this City

    • Value Estimation by Request
      6,520 SF

      12436 Centinela Ave

      Office Properties & Spaces • 6,520 SF
      12436 Centinela Ave, Los Angeles, CA 90025
      View Details
    • Value Estimation by Request

      12207 Wilshire Blvd

      Retail properties
      12207 Wilshire Blvd, Los Angeles, CA 90025
      View Details
    • Value Estimation by Request
      2,238 SF

      2180 Westwood Blvd

      Individual retail properties • 2,238 SF
      2180 Westwood Blvd, Los Angeles, CA 90025
      View Details
    • Value Estimation by Request
      2,010 SF

      11573 Santa Monica Blvd

      Office Properties & Spaces • 2,010 SF
      11573 Santa Monica Blvd, Los Angeles, CA 90025
      View Details
    • Value Estimation by Request

      10530 Santa Monica Blvd

      Land
      10530 Santa Monica Blvd, Los Angeles, CA 90025
      View Details
    • Value Estimation
      $945,000
      7,390 SF

      1803 Pontius Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,390 SF
      1803 Pontius Ave, Los Angeles, CA 90025-4305
      View Details

    Similar Nearby for Sale

    • $3,750,000
      6,870 SF

      Santa Monica Blvd. Retail/Office

      Prime Los Angeles location, 6,870 SF, multi-tenant.
      11957 Santa Monica Blvd, Los Angeles, CA 90025
      View Details
    • $4,100,000
      8,300 SF

      Prime Value Add Opportunity

      Prime Value Add Opportunity
      10444 Santa Monica Blvd, Los Angeles, CA 90025
      View Details
    • $7,750,000
      10,094 SF

      West Los Angeles Creative Office

      Creative office/flex buildings in West Los Angeles for sale.
      11751 Mississippi Ave, Los Angeles, CA 90025
      View Details
    • Contact for pricing

      Avenida Prosser Top-Corner Unit

      Exceptional unit with city views, open floor plan, and luxury finishes.
      1817 Prosser Ave, Los Angeles, CA 90025
      View Details
    • Contact for pricing
      1,413 SF

      Westwood Condo with Multiple Balconies

      Top-floor corner unit with three balconies in Westwood.
      1920 Malcolm Ave, Los Angeles, CA 90025
      View Details
    • $7,000,000
      6,283 SF

      Prime Retail Development Opportunity

      Undeveloped parcel in sought-after area near Olympic Corridor & Japan Town.
      1814 Sawtelle Blvd, Los Angeles, CA 90025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,010 SF

      Prime West LA Office Space

      2,010 SF Executive Office, Santa Monica Blvd
      11573 Santa Monica Blvd, Los Angeles, CA 90025
      View Details
    • Contact for pricing
      5,611 SF

      Westwood Blvd. Retail Space

      Prime Westwood location, new construction.
      2154 Westwood Blvd, Los Angeles, CA 90025
      View Details
    • Contact for pricing
      11,214 SF

      Wilshire Blvd Retail Spaces

      Brentwood, CA: Prime Retail Opportunity
      11755 Wilshire Blvd, Los Angeles, CA 90025
      View Details
    • $63 SF/Yr
      358,478 SF

      Prestigious Wilshire Blvd Office Space

      Executive Suites, Los Angeles, CA
      11755 Wilshire Blvd, Los Angeles, CA 90025
      View Details
    • Contact for pricing
      1,800 SF

      Prime West LA Executive Suites

      Modern Office Space, 800-1000 sq ft
      1554 Sepulveda Blvd, Los Angeles, CA 90025
      View Details
    • Contact for pricing
      2,650 SF

      Brentwood Executive Office Suites

      Prestigious Brentwood office space available.
      12100 Wilshire Blvd, Los Angeles, CA 90025
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11031-11061 Santa Monica Blvd
    Los Angeles, CA 90025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.